×
191
Fashion Jobs
LEVI'S
Associate Sap Ptp Business Analyst
Permanent · Bengaluru
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
SAMSARA SHIPPING PVT LTD
Sales Manager
Permanent · Pune
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
ELLIOTT MOSS
IT Sales Manager
Permanent · Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur gt
Permanent · Kota
IGENETIC DIAGNOSTICS /HEALTH MAP DIAGNOSTIC PVT LTD
Area Sales Manager/Territory Manager
Permanent · Pune
RANDSTAD INDIA PVT LTD
Market Development Manager - Horeca Sales
Permanent · National Capital Region
SHREE HR SERVICES
Retail Sales Executive
Permanent · Varanasi
PEP TECHNOLOGIES PRIVATE LIMITED
Area Sales Executive / Area Sales Manager (Only From Skin Care)
Permanent · Bengaluru
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
WHITEHAT JR
Sales Manager India
Permanent · Faridabad
VIJAYA ENGINEERING WORKS
Production Manager
Permanent · Hosur
REFLECTOSAFE
Area Sales Manager - Delhi
Permanent · National Capital Region
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
REFLECTOSAFE
Area Sales Manager - Chennai
Permanent · Chennai
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
MUTHOOT FINCORP
Area Manager
Permanent · Tiruchirappalli
INFINIX
National Sales Manager
Permanent · MUMBAI
1MG
Sales Manager - Diagnostics
Permanent · National Capital Region
DODLA DAIRY LIMITED
Area Sales Manager -Salem
Permanent · Salem
Published
May 17, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Emami combats rising costs with price hikes

Published
May 17, 2022

Fast moving consumer goods business Emami has seen rising costs and inflation squeeze its profit margins and has countered this with price increases on its products of around 4.5% with further hikes on the table. 

Emami retails a wide range of personal care products - Emami- Facebook


“We have taken judicious price hikes of ~4.5% and may take further hikes in case the need arises,” Emami’s CEO of finance, strategy, and business development and CFO NH Bhansali told ET Markets in an interview. “In Q4 FY22 our gross margins at 62.4% contracted by just 30 bps on account of judicious price hikes and strategic procurements and other cost optimisation initiatives.”

The business has seen costs rise steeply on crude derivatives, vegetable oils, camphor, and packaging materials among other necessary materials. This is due to a cocktail of inflation and geo-political pressure, according to Bhansali, and is expected to continue into the 2023 financial year. 

Emami is also focusing on its e-commerce operations to drive growth in a more challenging financial climate. “New-age channels like modern trade and e-commerce are growing very strongly for Emami,” said Bhansali, ET Markets reported. “In FY22, modern trade and e-commerce contributed 12.8% of our domestic sales and is still growing aggressively. Our Q4 FY22 exit contribution is above 15%.”
 
The business is also confident that government initiatives to raise rural spending power coupled with a good summer and monsoon season predicted will alleviate the slowdown. Emami foresees especially strong growth for its ‘Fair and Handsome’ whitening cream for men, according to Bhansali. 

Copyright © 2022 FashionNetwork.com All rights reserved.